161C.5 - ORGANIC NUTRIENT MANAGEMENT FUND.
161C.5 ORGANIC NUTRIENT MANAGEMENT FUND.
1. An organic nutrient management fund is created in the state
treasury under the control of the division. The fund is composed of
moneys appropriated by the general assembly, and moneys available to
and obtained or accepted by the division or the state soil
conservation committee, from the United States or private sources for
placement in the fund.
2. Moneys in the fund are subject to an annual audit by the
auditor of state. The fund is subject to warrants by the director of
the department of administrative services, drawn upon the written
requisition of the division.
3. The fund shall be used to support the organic nutrient
management program provided in section 161C.6. Moneys shall be used
to provide financial incentives under the program and to pay for
expenses incurred by the division in administering the program. Not
more than two percent of the moneys shall be used to pay for
administering the program. Moneys expended for financial incentives
shall be allocated on a cost-share basis. The division may adopt
rules to administer this section.
4. The division shall not in any manner directly or indirectly
pledge the credit of the state.
5. Section 8.33 shall not apply to moneys in the fund. Moneys
earned as income, including as interest, from the fund shall remain
in the fund until expended as provided in this section. Section History: Recent Form
94 Acts, ch 1198, §33; 2003 Acts, ch 145, §286